3. A firm selling in a perfectly competitive market has a total cost of TC = 3,920 +7Q+ 0.2Q2 a. Currently the market price is $77 per unit. Find the firm's optimal output: b. At this price of $77, what is this perfectly competitive firm's economic profit? C. is: If Market Demand is QM = 8,435 - 5P, then the number of firms operating in the market

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